Eagle Boston Investment Management Inc. Sells 172,808 Shares of 1-800-Flowers (FLWS)

Eagle Boston Investment Management Inc. lowered its holdings in shares of 1-800-Flowers (NASDAQ:FLWS) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,325,267 shares of the specialty retailer’s stock after selling 172,808 shares during the quarter. 1-800-Flowers comprises about 1.6% of Eagle Boston Investment Management Inc.’s investment portfolio, making the stock its 11th biggest position. Eagle Boston Investment Management Inc.’s holdings in 1-800-Flowers were worth $15,638,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FLWS. Wells Fargo & Company MN raised its holdings in shares of 1-800-Flowers by 57.8% during the 3rd quarter. Wells Fargo & Company MN now owns 34,000 shares of the specialty retailer’s stock valued at $335,000 after purchasing an additional 12,449 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of 1-800-Flowers by 5.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 112,579 shares of the specialty retailer’s stock valued at $1,109,000 after purchasing an additional 6,128 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 1-800-Flowers by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,770,303 shares of the specialty retailer’s stock valued at $27,287,000 after purchasing an additional 103,005 shares in the last quarter. First Quadrant L P CA bought a new position in shares of 1-800-Flowers during the 4th quarter valued at $587,000. Finally, Foundry Partners LLC raised its holdings in shares of 1-800-Flowers by 6.8% during the 4th quarter. Foundry Partners LLC now owns 615,120 shares of the specialty retailer’s stock valued at $6,582,000 after purchasing an additional 39,375 shares in the last quarter. Institutional investors and hedge funds own 34.19% of the company’s stock.

Shares of 1-800-Flowers opened at $12.40 on Friday, according to MarketBeat. The firm has a market capitalization of $787.34 million, a P/E ratio of 27.73, a PEG ratio of 2.10 and a beta of 1.16. 1-800-Flowers has a one year low of $12.20 and a one year high of $12.25. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29.

1-800-Flowers (NASDAQ:FLWS) last announced its earnings results on Tuesday, May 1st. The specialty retailer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $238.50 million during the quarter, compared to the consensus estimate of $230.78 million. 1-800-Flowers had a return on equity of 9.86% and a net margin of 4.91%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.17) EPS. research analysts expect that 1-800-Flowers will post 0.41 EPS for the current fiscal year.

A number of research analysts have recently weighed in on FLWS shares. Benchmark cut their price target on shares of 1-800-Flowers to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Zacks Investment Research downgraded shares of 1-800-Flowers from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. BidaskClub upgraded shares of 1-800-Flowers from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Sidoti downgraded shares of 1-800-Flowers from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Finally, ValuEngine upgraded shares of 1-800-Flowers from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.75.

In related news, CEO Christopher G. Mccann sold 15,000 shares of 1-800-Flowers stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $11.72, for a total value of $175,800.00. Following the transaction, the chief executive officer now owns 965,626 shares in the company, valued at approximately $11,317,136.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 77,000 shares of company stock worth $948,350 in the last quarter. Insiders own 53.17% of the company’s stock.

1-800-Flowers Profile

1-800-Flowers.com, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Food and Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, and plush stuffed animals.

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Institutional Ownership by Quarter for 1-800-Flowers (NASDAQ:FLWS)

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